G Mining Ventures Corp. reported a defining third quarter as the Tocantinzinho mine delivered steady-state output of 46,360 ounces, record revenues of $161.7 million, free cash flow of $95.8 million, adjusted EBITDA of $122.6 million, and net income of $123.8 million. The company maintained a low all-in sustaining cost of $1,046 per ounce, resulting in strong margins during the period. This performance demonstrates the operational efficiency achieved at Tocantinzinho as the mine reaches steady-state production levels. The company's ability to generate substantial free cash flow while maintaining low production costs positions it well for continued growth in the precious metals sector.
The company is advancing disciplined, self-funded growth with construction underway at the Oko West project in Guyana while the Gurupi project progresses through permitting and exploration phases. Management emphasized the company's focus on developing long-life, low-cost operations that generate sustainable returns for shareholders. The strong financial performance at Tocantinzinho provides the capital foundation for funding these growth initiatives without requiring external financing. This approach allows the company to maintain control over its development timeline and strategic direction while minimizing shareholder dilution.
G Mining Ventures' current operations are anchored by the Tocantinzinho Gold Mine in Brazil and the Oko West Gold Project in Guyana, both located in mining-friendly and prospective jurisdictions. The company's strategy centers on capitalizing on the value uplift from successful mine development through its proven development expertise and strong access to capital markets. This strategic positioning enables the company to leverage its operational success into expanded production capacity across multiple projects. The record quarterly results validate the company's development model and execution capabilities in challenging market conditions.
The implications of these results extend beyond immediate financial metrics, signaling the company's transition from development phase to established producer status. The substantial free cash flow generation provides multiple strategic options, including accelerated debt repayment, increased exploration budgets, or potential dividend initiation in the future. Additional information about the company's performance and projects is available in their newsroom at https://ibn.fm/GMINF. The company's performance during the quarter demonstrates how disciplined cost management combined with operational efficiency can create significant shareholder value even in volatile commodity markets.
